The truckload freight market has been a whirlwind of activity lately. Demand for capacity, already at a premium, pushed spot truckload rates to levels not seen since December 2014. Economic growth and agricultural activity added to the total freight available for all carriers, but hurricane-driven disruption stalled contract hauls and shifted some of that volume […]
The North American Chassis Pool Cooperative (NACPC) is adding 1,200 new chassis and plans further expansion of a business model that its executives say has been a catalyst for improving chassis quality and controlling costs. NACPC, organized five years ago, has had an outsized impact on the intermodal chassis market, said NACPC chairman Dave Manning, […]
Rising prices and a critical shortfall of air cargo space could threaten vehicle production, according to emergency logistics specialist, Evolution Time Critical (ETC). Problems in booking airfreight, particularly hit Europe to North American routes, along with issues on the Asia to North America and Europe trade lanes, all point to “a fractious period” for the […]
The U.S. trade deficit increased to a nine-month high in October due to rising oil prices and the widening of America’s long-standing deficits with China and Mexico. The worsening trade deficit came even as exports to China and Mexico were the strongest in more than three years, which some economists said challenged the Trump administration’s […]
The Dow Jones Industrial Average reached a record high on Monday, with banks and retailers surging and technology companies falling as investors realigned their portfolios in hopes of benefiting from expected corporate tax cuts.
It’s been a full week since ‘Cyber Monday’ came around on the calendar, once again netting record-breaking online sales. E-commerce retailers slashed prices and more shoppers than ever avoided the usual bedlam of brick-and-mortar stores, opting instead to shop online. But on the logistics side of the coin, last week was frenetic, with warehousing and […]
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending December 2, 2017, as well as volumes for November 2017. Intermodal rail traffic remains on pace to set a new annual record in 2017 with strong gains in November and last week marking the best rail intermodal week in history, […]
The amount of freight hauled by the trucking industry in October rose 9.9 percent year-over-year, the largest increase since December 2013. According to the American Trucking Associations, which tracks freight volume in its For-Hire Truck Tonnage Index, freight numbers have been showing steady improvement compared with last year’s figures.
The concept of self-driving, or autonomous, trucks continues to receive more heightened attention. And that is for a variety of reasons, including the difficulty carriers are having in filling trucks with drivers, an aging workforce for active drivers in the market, as well as the impact of fuel on over all trucking costs, among others.
U.S. railroads moved 554,066 carloads and intermodal units in the week ending Nov. 18, a 1.2 percent increase compared with the same week last year, according to the Association of American Railroads (AAR). Total carloads for the week declined 1.6 percent to 266,927 units, while the number of intermodal containers and trailers rose 3.9 percent […]
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